Bitcoin price faces $75,500 test below 50-week EMA

Bitcoin price fell below $77,000 as traders reduced risk before a key U.S. Senate vote on the CLARITY Act, while technical charts showed weakening short-term momentum. Summary Bitcoin price traded near $77,000 after falling as low as $76,704 on Binance. The 4-hour RSI dropped to 44.20, putting momentum below the neutral level. Liquidation clusters were concentrated near $76,000, $78,400, and $80,000. Analysts identified $75,500–$76,000 as the main short-term support area. Bitcoin price action today According to data from crypto.news, Bitcoin (BTC) price traded at about $77,059 at the time of writing, down 1.45% on the daily candle. The cryptocurrency opened at $78,189, reached an intraday high of $78,250, and dropped to $76,704 before recovering slightly. The decline followed another failed attempt to hold the $79,000 area. Bitcoin has recorded lower highs since reaching roughly $82,000 in early September, while buyers have repeatedly defended the region between $76,500 and $77,000. Bitcoin also fell below the middle line of its 4-hour Bollinger Bands, which stood at $77,474. The move left BTC closer to the lower band at $76,359 than the upper band at $78,589, showing that sellers ...